The addition of Wise Platform, Wise’s infrastructural solution for banks, enables Temenos customers, which include more than 3,000 banks and financial institutions worldwide, to switch on Wise’ trusted cross-border payments within their digital banking platform. Temenos customers will have access to Wise’ technology through Temenos Infinity digital banking platform and Temenos Transact next-generation core banking product. The Wise solution is pre-integrated for rapid implementation and time-to-value.

Adding Wise to their digital platform, financial institutions can offer a better international money transfer experience to attract and retain retail and business customers. Cross-border payments with Wise are reportedly up to 8X cheaper than traditional providers. Transfers are sent using the mid-market exchange rate seen on Google or Reuters and cost the customer only a small, upfront fee. Wise enables payments to 80 countries around the world. Over 30% of all global transfers are delivered instantly (under 20 seconds), with over 50% delivered within the hour.